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July 27, 2009 - 13:05 PM PST

TFS Financial Corporation Declares Seventh Dividend

CLEVELAND, July 27, 2009 (GLOBE NEWSWIRE) -- TFS Financial Corporation (Nasdaq:TFSL) (the "Company"), the holding company for Third Federal Savings and Loan Association of Cleveland, announced that on July 23, 2009 the Board of Directors declared the Company's seventh quarterly cash dividend of $0.07 per share, payable on August 28, 2009 to stockholders of record on August 14, 2009. Third Federal Savings and Loan Association of Cleveland, MHC, has waived its right to receive the dividend on the 227,119,132 shares of common stock it owns.

The TFS Financial Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3622

CONTACT:  TFS Financial Corporation
          Monica Martines
            (216) 441-7346
          Jennifer Rosa
            (216) 429-5037

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